http://learnbonds.com/129066/tesla-competition-vw-battery-factory/

We don’t know the kind of chemistry or technology that Volkswagen wants to deploy in building its batteries; however, the plan to sell 1M EVs annually by 2025 makes it important for the firm to own its battery factory instead of relying on traditional battery firms.

Handelsblatt reports that Volkswagen is planning to spend as much as $11B (more than twice the cost of Tesla’s Gigafactory) on building a battery factory is Salzgitter Germany.